Things To Know In Texas

Discussion in 'Credit Talk' started by cash1, Apr 5, 2002.

  1. cash1

    cash1 Well-Known Member

    Rules for Debt Collection in Texas

    CHAPTER 392. DEBT COLLECTION
    SUBCHAPTER A. GENERAL PROVISIONS

    http://www.capitol.state.tx.us/statutes/fi/fi039200.html#fi002.392.001

    Worth reading in Texas. Not written in "legaleese". Some of these provisions are stricter than their federal counterparts.

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    Debt Collectors(even out of state) Doing business in Texas are required to obtain a $10,000 surety bond. (Maybe their letter to you will cost more than they figured)
    Debt Collection Bonds, Tex. Fin. Code Ann. § 392.101.

    http://www.capitol.state.tx.us/statutes/fi/fi039200.html#fi002.392.101

    Verification of Bond or Complaints (By Telephone or Email, no online)

    Nina Weston at (512) 463-6906, or on the internet at
    nweston@sos.state.tx.us.
    (a) Wrestling Promoters; (b) Credit Services Organizations; (c) Debt
    Collectors; and (d) Health Spas

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    § 392.305. Deceptive Use of Credit Bureau Name

    http://www.capitol.state.tx.us/statutes/fi/fi039200.html#fi002.392.305

    Complaints under this statute can be filed online with the Texas AG:

    http://www.oag.state.tx.us/consumer/complain.htm
     

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